CBS Corporation operates as a mass media company worldwide. The company operates through four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces, acquires, and distributes theatrical motion pictures; and digital streaming services. The Cable Networks segment offers subscription program services, such as original series, theatrical feature films, documentaries, boxing and other sports-related programming, and special events. This segment also operates CBS Sports Network, a 24-hour cable program service that provides college sports and related content; and Smithsonian Networks, which operates a channel featuring cultural, historical, scientific, and educational programs. The Publishing segment publishes and distributes adult and children's consumer books in printed, digital, and audio formats; develops special imprints and publishes titles based on the products of the company, as well as that of third parties; and distributes products for other publishers. This segment also delivers content; and promotes its products on its Websites, social media, and general Internet sites, as well as those related to individual titles. The Local Media segment owns 29 broadcast television stations; and operates local Websites, including content from the company's television stations. The company was founded in 1986 and is headquartered in New York, New York.
Industry, Sector and Symbol
Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
SymbolNYSE:CBS
CUSIP12485720
Phone212-975-4321
Debt
Debt-to-Equity Ratio4.78%
Current Ratio1.58%
Quick Ratio1.12%
Price-To-Earnings
Trailing P/E Ratio12.03
Forward P/E Ratio9.68
P/E Growth0.7
Sales & Book Value
Annual Sales$13.69 billion
Price / Sales1.41
Cash Flow$5.0827 per share
Price / Cash9.92
Book Value$5.16 per share
Price / Book9.77
Profitability
EPS (Most Recent Fiscal Year)$4.19
Net Income$357 million
Net Margins2.61%
Return on Equity67.23%
Return on Assets7.80%
Miscellaneous
Employees12,700
Outstanding Shares382,720,000
CBS (NYSE:CBS) Frequently Asked Questions
What is CBS's stock symbol?
CBS trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBS."
How often does CBS pay dividends? What is the dividend yield for CBS?
CBS declared a quarterly dividend on Friday, February 2nd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.18 per share on Sunday, April 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, March 8th. View CBS's Dividend History.
How were CBS's earnings last quarter?
CBS Co. (NYSE:CBS) posted its quarterly earnings data on Thursday, February, 15th. The media conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.14 by $0.06. The media conglomerate had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.71 billion. CBS had a net margin of 2.61% and a return on equity of 67.23%. The company's quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 EPS. View CBS's Earnings History.
When is CBS's next earnings date?
What price target have analysts set for CBS?
22 analysts have issued 1 year target prices for CBS's shares. Their predictions range from $55.00 to $80.00. On average, they anticipate CBS's share price to reach $69.1905 in the next twelve months. View Analyst Ratings for CBS.
What are Wall Street analysts saying about CBS stock?
Here are some recent quotes from research analysts about CBS stock:
- 1. Pivotal Research analysts commented, "We continue to value CBS stock at $64 on a YE2018 basis and rate it Hold. CBS reported revenue of $3.9bn for 4Q17, +11% vs. the year-ago period, with adjusted operating income of $739mm and a 19% margin as well as adjusted EPS of $1.20. We forecast +6% revenue growth and $757mm of OI, or 20% margins, with an EPS of $1.15 vs. StreetAccount consensus of +5% revenue growth, $737mm of OI and EPS of $1.14 Revenues were up most at the Entertainment segment, rising +18% on slightly higher margins. Cable networks rose by +9% and Publishing was up by +12% while Local Media was down -14%, largely because of the absence of political advertising. Across the company, non-advertising activities were responsible for more than all of the growth in the quarter, as advertising was down by -3% despite the inclusion of the newly acquired Australia’s Ten Network." (2/16/2018)
- 2. According to Zacks Investment Research, "Shares of CBS have underperformed the industry in the past six months. CBS, which remains highly vulnerable to the advertising market, is likely to report weaker political advertising revenues in the fourth quarter of 2017. In the prior-year quarter, the company benefited from strong political advertising. Moreover, currency fluctuations and higher expenditure for original programming might prove to be a drag. However, increasing demand for content, rise in retransmission rates, expansion of direct-to-consumer business and sturdy digital presence bode well. We believe with the launch of Showtime's streaming service; online news channel, CBSN; and over-the-top service, CBS All Access, the company is generating incremental revenues. Moreover, the company aims to attain $2.5 billion of revenues from retransmission and reverse compensation by 2020." (1/8/2018)
- 3. Benchmark Co. analysts commented, "We continue to rate CBS our favorite content play in the media space, and at just 8x 2018E EV/EBITDA, we believe shares look attractively priced even if a softer overall advertising environment continues." (10/24/2017)
- 4. BMO Capital Markets analysts commented, "Our Outperform rating is underpinned by leadership positions in the most stable areas of the linear pay TV ecosystem: a broadcast network benefiting from retransmission fee growth, a strong live sports franchise, and most importantly, a domestic cable network portfolio that includes newer networks with growing subscriber bases and/or per sub fees." (5/12/2017)
Who are some of CBS's key competitors?
Some companies that are related to CBS include SKY (SKYAY), CBS (CBS.A), Rtl Group (RGLXF), Televisa (TV), PROSIEBENSAT1 MED. (PBSFY), Liberty Media (FWONK), Liberty Media (FWONB), Liberty Media (FWONA), Tribune Media (TRCO), Nexstar Media Group (NXST), Sinclair Broadcast Group (SBGI), TF1 - TV FRANCAISE (TVFCF), TEGNA (TGNA), Gray Television (GTN) and E. W. Scripps (SSP).
Who are CBS's key executives?
CBS's management team includes the folowing people:
- Mr. Leslie Moonves II, Chairman, Pres & CEO (Age 68)
- Mr. Joseph R. Ianniello, Chief Operating Officer (Age 50)
- Mr. Anthony G. Ambrosio, Sr. EVP, Chief Admin. Officer & Chief HR Officer (Age 57)
- Mr. Lawrence P. Tu, Sr. EVP & Chief Legal Officer (Age 64)
- Mr. Gil D. Schwartz, Sr. EVP & Chief Communications Officer (Age 66)
Has CBS been receiving favorable news coverage?
Media coverage about CBS stock has been trending positive on Thursday, according to Accern Sentiment. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CBS earned a news sentiment score of 0.46 on Accern's scale. They also assigned media coverage about the media conglomerate an impact score of 45.01 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
How do I buy shares of CBS?
Shares of CBS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is CBS's stock price today?
One share of CBS stock can currently be purchased for approximately $50.42.
How big of a company is CBS?
CBS has a market capitalization of $19.12 billion and generates $13.69 billion in revenue each year. The media conglomerate earns $357 million in net income (profit) each year or $4.19 on an earnings per share basis. CBS employs 12,700 workers across the globe.
How can I contact CBS?
CBS's mailing address is 51 WEST 52ND STREET 35TH FLOOR, NEW YORK NY, 10019. The media conglomerate can be reached via phone at 212-975-4321 or via email at [email protected]
MarketBeat Community Rating for CBS (CBS)
MarketBeat's community ratings are surveys of what our community members think about CBS and other stocks. Vote "Outperform" if you believe CBS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CBS will underperform the S&P 500 over the long term. You may vote once every thirty days.
CBS (NYSE:CBS) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
22 Wall Street analysts have issued ratings and price targets for CBS in the last 12 months. Their average twelve-month price target is $69.1905, suggesting that the stock has a possible upside of 37.23%. The high price target for CBS is $80.00 and the low price target for CBS is $55.00. There are currently 7 hold ratings and 15 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.68 | 2.72 | 2.79 | 2.82 |
| Ratings Breakdown: | 0 Sell Rating(s)
7 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
7 Hold Rating(s)
18 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
6 Hold Rating(s)
22 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
23 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $69.1905 | $70.7083 | $71.7308 | $74.5962 |
| Price Target Upside: | 37.23% upside | 38.54% upside | 24.21% upside | 30.78% upside |
CBS (NYSE:CBS) Consensus Price Target History
CBS (NYSE:CBS) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
CBS (NYSE:CBS) Dividend Information
CBS pays an annual dividend of $0.72 per share, with a dividend yield of 1.43%. CBS's most recent quarterly dividend payment was Sunday, April 1. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of 12.20% each year. CBS pays out 17.18% of its earnings out as a dividend.
| Most Recent Dividend: | 4/1/2018 |
| Annual Dividend: | $0.72 |
| Dividend Yield: | 1.43% |
| Dividend Growth: | 12.20% (3 Year Average) |
| Payout Ratio: | 17.18% (Trailing 12 Months of Earnings)
13.82% (Based on This Year's Estimates)
12.24% (Based on Next Year's Estimates)
|
| Track Record: | 6 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
CBS (NYSE:CBS) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/2/2018 | quarterly | $0.18 | 1.3% | 3/8/2018 | 3/9/2018 | 4/1/2018 |
| 11/22/2017 | quarterly | $0.18 | 1.28% | 12/8/2017 | 12/11/2017 | 1/1/2018 |
| 7/28/2017 | quarterly | $0.18 | 1.07% | 9/7/2017 | 9/8/2017 | 10/1/2017 |
| 5/22/2017 | quarterly | $0.18 | 1.16% | 6/7/2017 | 6/9/2017 | 7/1/2017 |
| 1/27/2017 | quarterly | $0.18 | 1.11% | 3/8/2017 | 3/10/2017 | 4/1/2017 |
| 11/22/2016 | Quarterly | $0.18 | | 12/7/2016 | 12/9/2016 | 1/1/2017 |
| 7/28/2016 | Quarterly | $0.18 | | 9/7/2016 | 9/9/2016 | 10/1/2016 |
| 5/27/2016 | quarterly | $0.15 | 1.09% | 6/8/2016 | 6/10/2016 | 7/1/2016 |
| 1/29/2016 | quarterly | $0.15 | 1.26% | 3/9/2016 | 3/11/2016 | 4/1/2016 |
| 11/25/2015 | quarterly | $0.15 | 1.18% | 12/9/2015 | 12/11/2015 | 1/1/2016 |
| 7/29/2015 | quarterly | $0.15 | 1.14% | 9/8/2015 | 9/10/2015 | 10/1/2015 |
| 5/22/2015 | quarterly | $0.15 | 0.97% | 6/8/2015 | 6/10/2015 | 7/1/2015 |
| 2/2/2015 | quarterly | $0.15 | 1.08% | 3/9/2015 | 3/11/2015 | 4/1/2015 |
| 11/26/2014 | quarterly | $0.15 | 1.11% | 12/9/2014 | 12/11/2014 | 1/1/2015 |
| 8/11/2014 | quarterly | $0.15 | 1% | 9/8/2014 | 9/10/2014 | 10/1/2014 |
| 5/23/2014 | quarterly | $0.12 | 0.79% | 6/6/2014 | 6/10/2014 | 7/1/2014 |
| 1/30/2014 | quarterly | $0.12 | 0.81% | 3/7/2014 | 3/11/2014 | 4/1/2014 |
| 11/26/2013 | quarterly | $0.12 | 0.82% | 12/6/2013 | 12/11/2013 | 1/1/2014 |
| 7/26/2013 | quarterly | $0.12 | 0.9% | 9/6/2013 | 9/10/2013 | 10/1/2013 |
| 5/24/2013 | quarterly | $0.12 | 0.95% | 6/6/2013 | 6/10/2013 | 7/1/2013 |
| 1/29/2013 | quarterly | $0.12 | 1.14% | 3/7/2013 | 3/11/2013 | 4/1/2013 |
(Data available from 1/1/2013 forward)
CBS (NYSE CBS) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.80%
Institutional Ownership Percentage: 77.86%
CBS (NYSE CBS) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/11/2018 | Leslie Moonves | CEO | Sell | 85,000 | $51.05 | $4,339,250.00 | 885,831 |  |
| 3/20/2018 | Leslie Moonves | CEO | Sell | 85,000 | $50.46 | $4,289,100.00 | 915,531 | |
| 2/27/2018 | Leslie Moonves | CEO | Sell | 85,000 | $55.08 | $4,681,800.00 | 993,159 | |
| 1/26/2018 | Joseph R Ianniello | COO | Sell | 46,621 | $60.01 | $2,797,726.21 | 321,463 | |
| 1/19/2018 | Joseph R Ianniello | COO | Sell | 2,263 | $60.00 | $135,780.00 | 551,494 | |
| 1/17/2018 | Joseph R Ianniello | COO | Sell | 2,400 | $60.13 | $144,312.00 | 320,723 | |
| 1/17/2018 | Leslie Moonves | CEO | Sell | 85,000 | $59.07 | $5,020,950.00 | 971,448 | |
| 12/12/2017 | Leslie Moonves | CEO | Sell | 85,000 | $57.85 | $4,917,250.00 | 884,513 | |
| 12/4/2017 | Arnold Kopelson | Director | Sell | 5,093 | $59.51 | $303,084.43 | | |
| 11/8/2017 | Charles K Gifford | Director | Sell | 5,093 | $57.33 | $291,981.69 | 70,273 | |
| 11/6/2017 | Bruce S. Gordon | Director | Sell | 5,093 | $55.50 | $282,661.50 | | |
| 10/10/2017 | Leslie Moonves | CEO | Sell | 150,000 | $57.62 | $8,643,000.00 | 1,182,652 | |
| 9/20/2017 | Leslie Moonves | CEO | Sell | 150,000 | $59.04 | $8,856,000.00 | 1,182,652 | |
| 9/11/2017 | Gil D Schwartz | EVP | Sell | 54,131 | $58.40 | $3,161,250.40 | 102,483 | |
| 8/23/2017 | Leslie Moonves | CEO | Sell | 150,000 | $64.68 | $9,702,000.00 | 1,182,652 | |
| 8/17/2017 | Eugene Beukman | Director | Sell | 89,000 | $0.02 | $1,780.00 | | |
| 8/16/2017 | Eugene Beukman | Director | Sell | 125,000 | $0.03 | $3,750.00 | | |
| 8/14/2017 | Eugene Beukman | Director | Sell | 25,000 | $0.03 | $750.00 | | |
| 8/10/2017 | Anthony G. Ambrosio | EVP | Sell | 8,167 | $65.96 | $538,695.32 | | |
| 8/10/2017 | Eugene Beukman | Director | Sell | 100,000 | $0.04 | $4,000.00 | | |
| 8/2/2017 | Gil D Schwartz | EVP | Sell | 5,270 | $65.40 | $344,658.00 | 60,322 | |
| 7/12/2017 | Eugene Beukman | Director | Sell | 250,000 | $0.02 | $5,000.00 | | |
| 7/12/2017 | Leslie Moonves | CEO | Sell | 200,000 | $63.79 | $12,758,000.00 | 1,232,652 | |
| 7/11/2017 | Anthony G. Ambrosio | EVP | Sell | 8,167 | $63.78 | $520,891.26 | | |
| 7/5/2017 | Gil D Schwartz | EVP | Sell | 5,270 | $64.08 | $337,701.60 | 60,322 | |
| 6/26/2017 | Eugene Beukman | Director | Sell | 125,000 | $0.03 | $3,750.00 | | |
| 5/12/2017 | Eugene Beukman | Director | Sell | 200,000 | $0.03 | $6,000.00 | | |
| 2/21/2017 | Joseph R Ianniello | COO | Sell | 68,869 | $67.40 | $4,641,770.60 | 305,580 | |
| 2/21/2017 | Lawrence Tu | EVP | Sell | 28,641 | $67.68 | $1,938,422.88 | 5,732 | |
| 2/17/2017 | Gil D Schwartz | EVP | Sell | 33,131 | $65.23 | $2,161,135.13 | 82,718 | |
| 3/1/2016 | Joseph R Ianniello | COO | Sell | 33,975 | $50.00 | $1,698,750.00 | 297,715 | |
| 5/22/2015 | Joseph A Califano | Director | Sell | 5,093 | $61.64 | $313,932.52 | | |
| 5/11/2015 | Angeline C Straka | EVP | Sell | 296 | $60.62 | $17,943.52 | | |
| 4/6/2015 | Leslie Moonves | CEO | Sell | 255,000 | $61.23 | $15,613,650.00 | | |
| 3/27/2015 | Eugene Beukman | Director | Sell | 100,000 | $0.02 | $2,000.00 | | |
| 3/26/2015 | Eugene Beukman | Director | Sell | 100,000 | $0.02 | $2,000.00 | | |
| 3/9/2015 | Joseph R Ianniello | COO | Sell | 28,000 | $60.22 | $1,686,160.00 | | |
| 2/23/2015 | Joseph R Ianniello | COO | Sell | 28,000 | $59.53 | $1,666,840.00 | | |
| 2/17/2015 | Anthony G Ambrosio | EVP | Sell | 26,450 | $60.01 | $1,587,264.50 | | |
| 12/23/2014 | Bruce S Gordon | Director | Sell | 28,013 | $55.97 | $1,567,887.61 | | |
| 10/8/2014 | Leslie Moonves | CEO | Sell | 281,250 | $52.17 | $14,672,812.50 | | |
| 9/8/2014 | Leslie Moonves | CEO | Sell | 281,250 | $59.05 | $16,607,812.50 | | |
| 9/5/2014 | Leslie Moonves | CEO | Sell | 281,250 | $59.05 | $16,607,812.50 | | |
| 8/14/2014 | Leslie Moonves | CEO | Sell | 93,750 | $59.36 | $5,565,000.00 | | |
| 8/13/2014 | Leslie Moonves | CEO | Sell | 93,750 | $59.12 | $5,542,500.00 | | |
| 8/11/2014 | Anthony G Ambrosio | EVP | Sell | 14,000 | $60.13 | $841,820.00 | | |
| 7/15/2014 | Gil D Schwartz | EVP | Sell | 7,188 | $59.88 | $430,417.44 | | |
(Data available from 1/1/2013 forward)
CBS (NYSE CBS) News Headlines
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CBS (NYSE:CBS) SEC Filings
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CBS (NYSE:CBS) Income Statement, Balance Sheet and Cash Flow Statement
CBS (NYSE CBS) Stock Chart for Thursday, April, 26, 2018
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